Exchanges

The recent cyber attack on WazirX’s multi-signature Ethereum wallet has raised significant concerns within the crypto community. The exchange initially pointed fingers at its custody service provider, Liminal, citing issues with its user interface as the cause of the hack. However, Liminal denied any responsibility, stating that compromised hardware wallets were the likely culprit. This

In a significant development, Bitstamp has started the process of returning digital assets to creditors of the defunct Mt. Gox exchange. This marks a crucial milestone in the efforts to reimburse those affected by the 2014 hack that led to Mt. Gox’s downfall. Bitstamp is collaborating with the trustee, along with four other exchanges, including

The recent security breach at India-based centralized exchange WazirX has left the platform grappling with the loss of nearly half of its total assets, amounting to over $230 million. The exchange’s co-founder, Nischal Shetty, took to social media to inform users about the exploit and assure them that efforts are underway to restore operations. In

The crypto industry is currently facing a pivotal moment as speculation grows around the potential for a second Donald Trump presidency. With promises of ending President Joe Biden’s “crusade against crypto,” the industry is eagerly awaiting the outcome of the U.S. elections in November. However, amidst the anticipation, there are concerns about how overseas crypto

The recent hack on India-based crypto exchange WazirX has brought attention to the importance of security in multiparty computation (MPC) wallets. Liminal, an MPC wallet provider, clarified in its post-mortem report that its infrastructure was not compromised during the breach. The report attributed the hack to compromised devices within WazirX’s network, emphasizing that Liminal’s user

In a recent legal development, a US court has granted Binance US permission to invest certain customer fiat funds that are currently held at BitGo. The exchange requested court approval to invest approximately $40 million in US Treasury Bills, in $10 million increments over the course of four weeks. These investments will be done through

Recently, cybersecurity firm Cyvers Alert revealed a major security breach at the Indian cryptocurrency exchange, WazirX. According to Cyvers, the exchange was exploited for approximately $235 million through suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network. The firm detected that a total of $234.9 million was transferred to a new address, with

Recently, cryptocurrency exchange OKX announced that it will be ceasing operations in Nigeria due to local regulations. Nigerian clients were informed that they have until August 16 to close their positions on the platform. This decision has left many users frustrated and concerned about the future of cryptocurrency trading in the country. OKX notified users

Recently, Russia’s Ministry of Finance put forth a proposal that would allow traditional exchanges to facilitate digital asset trading for a select group of investors. This proposal aims to establish special regulations for organized trading in digital currencies, treating them as commodities and operating under the umbrella of an exchange license or a trading system

During a recent hearing, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla criticized Coinbase’s request, particularly noting that it included Gensler’s statements prior to him becoming SEC chair in 2021. The judge found Coinbase’s arguments to be “speculative” and